- setup is , with key suppport ard 3330-3340. However this index is quite volatile, can move very agressively, it easily penetrates and crosses averages.
- Heikin Ashi seemed agaon for last two days, but again, there was no lower low yesterday. momentum disappeared, candle turned again, while haDelta/SMA3 tries to cross back up above zero line again. (short term more biased)
- In fact we see a choppy consolidation after the huge panic selloff. In case ECB goes dovish today, Price may retest to 3335... and who knows... maybe even higher, but it's way too early to discuss this possibility.
- Price moved back into the Kumo, Chikou back above past candles. Tenkan Kijun and Senkou lines stay all together, so picture has become absolutely neutral. Would turn to again above 3335 (100 ), below 3150.
- Heikin Ashi is short term , but on this lower time frame it can change very quickly.
Let's see what Mr. Draghi delivers to these nervous markets!
China is closed too for two days, so possibly we can see some more "melt-up" in equities in general.